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Grant Cardone: Higher interest rates may halt new home supply in U.S.

Grant Cardone: Higher interest rates may halt new home supply in U.S.
Higher rates halt U.S. home supply

Grant Cardone, CEO / Founder at Cardone Enterprises and Founder & CEO at Cardone Capital, warns that higher U.S. interest rates will quickly stop new housing supply and make home ownership increasingly difficult.

He suggests this could push more Americans into renting, benefitting states such as Florida, Texas, North Carolina, Tennessee, and Arizona.

Cardone recently announced the sale of a 2024 Global 7500 jet for $80 million, citing current U.S. restrictions on Bombardier sales. In a separate move, he said Cardone Capital would increase its bitcoin allocation to 900 BTC for a new real estate project. Both updates follow his growing activity across sectors.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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